Latest News & Analysis – Page 260
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Camelbak and other CODI brands grow strongly
Compass Diversified Holdings (CODI) reported double-digit sales increases for last year at all its three of outdoor and sporting goods companies - Camelbak, Fox Factory and Liberty Safe - and its Ergobaby carriers and car seats brought 44.5 percent higher sales of $64.0 million for the year. Neverthless, the group saw its net income ...
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Rocky Brands reports lower sales
Rocky Brands has reported net sales for the fourth quarter of 2012 down to $58.0 million, versus $64.0 million a year ago, but the company simultaneously announced a new contract with the U.S. military including a minimum purchase amount of $3.0 million for the first year.The net income for the quarter was ...
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China’s industry to comply with eco-sustainable measures
The textile and apparel industry in China is to “go green” and comply with new government regulations for sustainable production in the sector, knowing that the companies failing to keep up with such demands will be closed down.As part of its 12th Five-Year Plan, covering 2011 to 2015, China seeks ...
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VF posts strong results for 2012, but is cautious for the current year
For the full year 2012, VF Corporation, the marketer of outdoor brands such as Timberland, The North Face, Eagle Creek and others along with a wide range of fashion and sportswear labels such as Wrangler, Lee, Nautica and others, has posted a sales increase of 15 percent to $10.9 billion. ...
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Leaving Euro Family, Globetrotter will set up it own private-label strategy
As indicated in the last issue of this publication, Globetrotter Ausrüstung, the big Hamburg-based specialty retailer, has finally decided to no longer develop and purchase private-label items in the framework of Euro Family, the informal pan-European network of big outdoor and sporting goods retailers. Euro Family said, however, that Globetrotter ...
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A.S. Adventure grows by 15.5%
The A.S. Adventure Group has firmed up its position as the largest outdoor retail company in Europe as it lifted its sales by 15.5 percent to €335.5 million last year, with comparable sales up by 8 percent in 149 stores across five European countries.Owned by Lion Capital, the A.S. Adventure ...
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Euromark failure hits Polish outdoor industry
Mountain Warehouse, the British specialist retailer, has been identified as the company that has been holding talks to purchase some of the assets of Euromark, the large-scale Polish outdoor distribution and retail group that went bankrupt a few weeks ago.Euromark filed for bankruptcy late last year and a district court ...
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Hi-Tec intensifies Polish partnership but takes over apparel
Hi-Tec, the Dutch-based outdoor and sports footwear brand, has reorganized its distribution in Eastern Europe by attributing more rights to Martes Sport, its Polish partner. Martes has long held a license for Hi-Tec footwear in Poland, along with a global license for Hi-Tec apparel, and three years ago its ...
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Albiro and Punto Azzurro manage Bailo and Vist
Bailo, a 60-year-old Italian producer of outdoor clothing, was going to merge with a younger Italian producer specializing in skiwear, Vist, but the combination did not work out for a variety of reasons. One of them was the pull-out of an institutional investor that was going to support their ...
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Columbia continues to struggle in Europe ? and elsewhere
In the final three months of 2012, Columbia Sportswear managed to lift its net income by 8 percent to $39.5 million, while consolidated net sales fell by 5 percent to $501.1 million. For the full year, the group's sales dipped by 1 percent to $1.67 billion and net profit ...
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Outdoor is a dark spot in Wolverine’s sales
Wolverine Worldwide reported a lower than expected net loss of $3,499,000 for the fourth quarter ended last Dec. 29, which compares with a profit of $23,011,000 in the year-ago period, and its net earnings for the year were down to $80.7 million from $123.3 million in 2011.The group would have ...
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Jarden posts mixed results
The Outdoor Solutions segment of Jarden Corporation recorded a sales increase of only 0.5 percent to $617.9 million for the fourth quarter of 2012, ended on Dec. 31, but its operating profit (Ebit) rose by 5.3 percent to $41.2 million. Excluding restructuring costs, depreciation and amortization, the segment's operating earnings ...
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Black Diamond has become one-third bigger
Black Diamond, Inc., marketer of Black Diamond, Gregory, POC and Pieps, expects to report record sales for its financial year 2012 based on preliminary unaudited information. At this point, Black Diamond estimates its total sales for the fourth quarter to have been up by 33 percent to $48.8 million compared ...
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Johnson Outdoors turns around in the quarter
Johnson Outdoors posted a 9 percent increase in revenues to $87.3 million during its first fiscal quarter ended Dec. 28, 2012, as compared to a year ago. The growth during the period, where the group's sales are typically the lowest in the year, was driven by higher sales in Marine Electronics ...
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Helly still on the rise
Helly Hansen is set to double its sales in North America this year as it reaps the benefits of several years of investments. The Norwegian ski and outdoor brand already expanded its sales by more than 20 percent in North America in each of the last two years, partly based ...
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Peak Performance adds to international distribution
Peak Performance, the Swedish ski, outdoor and golf brand, has inked a deal with Vermont Holding in the Czech Republic, covering distribution in that country along with Slovakia and Hungary. Vermont already has an agreement to sell Gant in the same countries, where it has opened 58 stores for ...
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Outdoor and fitness outperform at Garmin
Garmin's total revenues fell by 2 percent to $2.76 billion in the past year, with a 16 percent drop in the fourth quarter, but the Outdoor and Fitness segments came out better than others for the Swiss-based GPS company. Both segments showed higher operating profits for the year, but not ...
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Haglöfs reshuffles its management
Haglöfs has appointed regional managers to run its international business, as part of a wider management reshuffle that was implemented at the start of this month. It fits within the Swedish outdoor brand's five-year strategic plan starting from 2011, Haglöfs Going Global, which has led to investments in new ...
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Sportzone sells its private label to other parties worldwide
Sportzone, the Portuguese sporting goods retailer controlled by Sonae Group, has been carrying Berg Outdoor as its own private outdoor brand in its numerous stores in Portugal and Spain. Since one year ago, Discovery Sports, another subsidiary of Sonae that manages Berg, has been making it available to other retailers ...
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Montagne talks with Asian plants as it looks beyond Argentina
Montagne, the leading Argentinian producer and retailer of outdoor products, says that it is developing a licensing and franchising program because it has reached the limits of its production capacity at its own facilities in Argentina and in order to be more competitive in foreign markets.The company, which exhibited for the ...
